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Previous: CWMBS INC, 8-K, 1997-03-26 |
Next: CWMBS INC, 8-K, 1997-03-26 |
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): September 25, 1996
CWMBS, INC.
(Depositor)
(Issuer in respect of Mortgage Pass-Through Certificates, Series 1996-A)
(Exact name of registrant as specified in charter)
Delaware 33-63714 95-4449516
- --------------------------------------------------------------------------------
(State or other (Commission File No. (I.R.S. Employer
jurisdiction of Identification No.)
organization)
155 N. Lake Avenue, Pasadena, CA 911009-7137
- --------------------------------------------------------------------------------
(Address of principal executive offices) (Zip Code)
Registrant's Telephone Number, including area code: (818)-304-4428
Not Applicable
- --------------------------------------------------------------------------------
(Former name, former address and former fiscal year,
if changed since last report)
<PAGE>
Item 5. Other Events
CWMBS, INC.
Mortgage Pass-Through Certificates
Series 1996-A
On September 25, 1996, The Bank of New York, as Trustee for CWMBS, Inc. Mortgage
Pass-Through Certificates, Series 1996-A, made a monthly distribution to
Certificateholders of principal and/or interest pursuant to the Pooling and
Servicing Agreement, dated as of January 1, 1996, among CWMBS, Inc. as
Depositor, Independent National Mortgage Corporation, Seller and Master Servicer
and The Bank of New York, as Trustee.
Item 7. Financial Statements and Exhibits
(c) Exhibits
Exhibit No. Description
1 Report to Holders of CWMBS, Inc., Mortgage Pass-Through
Certificates Series 1996-A relating to the distribution date
of September 25, 1996 prepared by The Bank of New York, as
Trustee under the Pooling and Servicing Agreement dated as
of January 1, 1996.
<PAGE>
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned thereunto duly authorized.
Dated: September 25, 1996
CSMBS, INC.
By: /s/ Jonathan Chayes
-------------------
Name: Jonathan Chayes
Assistant Treasurer
The Bank of New York,
as Trustee
<PAGE>
EXHIBIT INDEX
Exhibit Page
1. Monthly Remittance Statement dated 5
September 25, 1996
THE BANK OF NEW YORK
CORPORATE TRUST AND AGENCY SERVICES
101 BARCLAY STREET NEW YORK, NEW YORK 10286
CWMBS, INC.
MORTGAGE PASS-THROUGH CERTIFICATES
SERIES 1996-A
STATEMENT TO CERTIFICATEHOLDERS PREPARED PURSUANT TO SECTION 4.06 OF
THE POOLING AND SERVICING AGREEMENTS DATED JANUARY 1, 1996
CUSIP #126691
Distribution Date 9/25/96
<TABLE>
<CAPTION>
4.06(i) Reduction of the Stated Amount of Certificates SINGLE TOTAL
CERTIFICATE AMOUNT
<S> <C> <C> <C>
Class A-1 Certificates PZ1 $2.93983874 $219,955.79
Class A-2 Certificates QA5 $2.40982123 $29,609.47
Class A-3 Certificates QB3 $4.38355806 $88,828.42
Class A-4 Certificates QC1 $0.00000000 $0.00
Class A-5 Certificates QD9 $0.00000000 $0.00
Class A-6 Certificates QE7 $0.00000000 $0.00
Class A-7 Certificates QF4 $0.00000000 $0.00
Class X Certificates QH0 N/A $0.00
Class A-R Certificates QG2 $2.93983874 $0.29
Class B-1 Certificates QJ6 $0.61364665 $5,291.48
Class B-2 Certificates QK3 $0.61364665 $2,015.83
Class B-3 Certificates QL1 $0.61364665 $1,259.82
Class B-4 Certificates $0.61364665 $604.44
Class B-5 Certificates $0.61364665 $302.53
Class B-6 Certificates $0.61364666 $604.87
Total Amount 348,472.94
Aggregate Amount of any Principal Prepayments 255,620.87
</TABLE>
<TABLE>
<CAPTION>
4.06(ii) Amount of distribution representing interest. SINGLE TOTAL
CERTIFICATE AMOUNT
<S> <C> <C>
Class A-1 Certificates $5.15017395 $385,330.86
Class A-2 Certificates $5.27333936 $64,793.52
Class A-3 Certificates $4.81468262 $97,564.73
Class A-4 Certificates $5.83333333 $136,791.67
Class A-5 Certificates $0.00000000 $0.00
Class A-6 Certificates $5.83333333 $54,010.83
Class A-7 Certificates $5.83333333 $42,799.17
Class X Certificates $1.09896662 $180,497.35
Class A-R Certificates $5.15017395 $0.52
Class B-1 Certificates $5.80956513 $50,095.88
Class B-2 Certificates $5.80956513 $19,084.42
Class B-3 Certificates $5.80956513 $11,927.04
Class B-4 Certificates $5.80956513 $5,722.42
Class B-5 Certificates $5.80956513 $2,864.12
Class B-6 Certificates $5.80956518 $5,726.44
Total Amount 1,057,208.96
</TABLE>
4.06(iii) Unpaid Interest Shortfall 0.00
<TABLE>
<CAPTION>
4.06(iv) Stated Amount of Certificates after this Distribution ORIGINAL SINGLE TOTAL
BALANCE CERTIFICATE AMOUNT
<S> <C> <C> <C>
Class A-1 Certificates $74,819,000.00 $879.94712417 $65,836,763.88
Class A-2 Certificates $12,287,000.00 $901.59121139 $11,077,851.21
Class A-3 Certificates $20,264,000.00 $820.99060615 $16,636,553.64
Class A-4 Certificates $23,450,000.00 $1,000.00000000 $23,450,000.00
Class A-5 Certificates $402,000.00 $1,000.00000000 $402,000.00
Class A-6 Certificates $9,259,000.00 $1,000.00000000 $9,259,000.00
Class A-7 Certificates $7,337,000.00 $1,000.00000000 $7,337,000.00
Class X Certificates $164,242,792.00 $915.39448842 $150,346,946.56
Class A-R Certificates $100.00 $879.94712417 $87.99
Class B-1 Certificates $8,623,000.00 $995.31180341 $8,582,573.68
Class B-2 Certificates $3,285,000.00 $995.31180341 $3,269,599.27
Class B-3 Certificates $2,053,000.00 $995.31180341 $2,043,375.13
Class B-4 Certificates $985,000.00 $995.31180341 $980,382.13
Class B-5 Certificates $493,000.00 $995.31180341 $490,688.72
Class B-6 Certificates $985,692.00 $995.31181353 $981,070.89
Total Amount 150,346,946.56
</TABLE>
4.06(v) The Pool Stated Principal Balance for the
following Distribution Date $150,346,946.56
4.06(vi) Senior Percentage for this Distribution Date 89.1451453292%
Subordinated Percentage for this Distribution Date 10.8548546708%
4.06(vii) Amount of the Master Servicing Fees paid to or
retained by the Master Servicer with respect
to such Distribution Date 0.00
<TABLE>
<CAPTION>
4.06(viii) Pass-Through Rate and for each Class of Certificates
<S> <C>
Class A-1 Certificates 7.00000000%
Class A-2 Certificates 7.00000000%
Class A-3 Certificates 7.00000000%
Class A-4 Certificates 7.00000000%
Class A-5 Certificates 0.00000000%
Class A-6 Certificates 7.00000000%
Class A-7 Certificates 7.00000000%
Class X Certificates 1.43731519%
Class A-R Certificates 7.00000000%
Class B-1 Certificates 7.00000000%
Class B-2 Certificates 7.00000000%
Class B-3 Certificates 7.00000000%
Class B-4 Certificates 7.00000000%
Class B-5 Certificates 7.00000000%
Class B-6 Certificates 7.00000000%
</TABLE>
4.06(ix) Amount of Advances included in the distribution
on such Distribution Date 42,329.29
Aggregate amount of Advances outstanding as of the
close of business on such Distribution Date 54,169.08
<TABLE>
<CAPTION>
4.06(x) The number and aggregate principal amounts of Mortgage Loans delinquent
<S> <C> <C>
30 to 59 days 13 $4,051,758.91
60 to 89 days 2 $1,002,025.93
90 or more 1 $223,439.81
</TABLE>
<TABLE>
<CAPTION>
4.06(xi) The number and aggregate principal amounts of Mortgage Loans in foreclosure
<S> <C> <C>
In foreclosure 2 $967,779.78
</TABLE>
4.06(xii) Loan number and Stated Principal Balance of
any Mortgage loan that became an REO 0 $0.00
Property during the preceding calendar month
4.06(xiii) Total number and principal balance of any REO
Properties as of the close of business on the
Determination Date preceding such Distribution
Date 0 $0.00
4.06(xiv) Senior Prepayment Percentage 100.000000000%
4.06(xv) Aggregate amount of Realized Losses incurred
during the preceding calendar month $0.00
Aggregate amount of Realized Losses through
Distribution Date 0
4.06(xvi) Special Hazard Loss Coverage Amount 1,979,657.10
Required Fraud Loss Coverage 4,927,284.00
Current Bankruptcy Amount 125,000.00
4.06(xvii) Guaranteed Distributions paid for such
Distribution Date on Class A-4
4.06(xviii) Amount of withdrawal from Reserve Fund since
prior Distribution Date
Class A-4 0.00
4.06(xix) Amount remaining Class A-4 in Reserve Fund after
Withdrawn Amounts for
Class A-4 45,000.00
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